Nvidia Reports Record Q4 Revenue + SEC Closes Investigation Into Geminiđ
Regulatory shifts, record earnings, and AI expansion reshape the crypto and tech landscape.
Because Bitcoin
February 27, 2025
SEC Closes Investigation Into Gemini Without Enforcement Action
The U.S. Securities and Exchange Commission (SEC) has ended its investigation into crypto exchange Gemini without pursuing enforcement action. Gemini co-founder Cameron Winklevoss criticized the agency for the financial and operational damage caused by its prolonged scrutiny, calling for public accountability. The decision follows a broader shift in regulatory approach under Acting SEC Chair Mark T. Uyeda, with recent case withdrawals against Coinbase, OpenSea, Robinhood, and UniSwap. Meanwhile, Gemini is exploring a potential IPO this year after settling previous cases with the CFTC and New York attorney generalâs office.
Nvidia Reports Record $39.3B Q4 Revenue as AI Demand Fuels Growth
Nvidia posted record fourth-quarter revenue of $39.3 billion, up 12% from the previous quarter and 78% year-over-year, driven by surging demand for AI chips. Earnings per share reached $0.89, beating expectations, while data center revenue nearly doubled to $35.6 billion. CEO Jensen Huang highlighted extraordinary demand for Nvidiaâs Blackwell AI chips. Full-year revenue more than doubled to $130.5 billion, with net income soaring 145% to $72.9 billion. Shares rose 3.67% to $131.28, gaining another 2.32% in after-hours trading. Nvidia forecasts $43 billion in Q1 revenue, meeting Wall Street expectations but facing supply concerns and increasing competition.
CFTCâs Christy Goldsmith Romero to Step Down as Brian Quintenz Awaits Confirmation
Christy Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission (CFTC), announced her resignation, set to take effect once Brian Quintenz is confirmed as the agencyâs new chair. During her tenure, she raised concerns about crypto market risks, chaired the Technology Advisory Committee, and played a key role in enforcement efforts. Goldsmith Romero previously served as Special Inspector General for the Troubled Asset Relief Program and counsel at the SEC. With her departure, the CFTC will have a Republican majority, with Quintenz, Summer Mersinger, and Caroline Pham, leaving Kristin Johnson as the sole Democrat.
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SEC and Justin Sun Explore Potential Settlement in Fraud Case
The U.S. Securities and Exchange Commission (SEC) and crypto entrepreneur Justin Sun are in talks to potentially resolve the SECâs fraud case against Sun and his companies. A joint âmotion to stayâ was filed in the U.S. District Court for the Southern District of New York, seeking to pause proceedings while negotiations continue. The SEC charged Sun, Tron Foundation, BitTorrent Foundation, and Rainberry Inc. in March 2023 for allegedly offering unregistered securities. Sun, who recently became an advisor to World Liberty Financialâa DeFi initiative backed by Donald Trumpâpreviously invested $75 million in its tokens.
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MARA Holdings Beats Q4 Revenue Estimates Amid Shift Toward AI Infrastructure
Bitcoin mining firm MARA Holdings (formerly Marathon Digital) reported fourth-quarter revenue of $214.4 million, surpassing estimates of $186 million. Despite a 27% decline in BTC production, full-year revenue grew 69% to $656.4 million. The company expanded its hash rate by 115% to 53.2 EH/s and holds 44,893 BTC. Amid post-halving challenges, MARA is diversifying into AI and high-performance computing, with a focus on energy management and infrastructure. CEO Fred Thiel emphasized the companyâs ambition to lead in AI. MARAâs stock closed at $12.45, gaining 3.2% after hours but down 57% over the past year.
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